Nazara Technologies Reports Highest-Ever EBITDA in FY26 as Global Gaming Platform Scales

Nazara Technologies Reports Highest-Ever EBITDA in FY26 as Global Gaming Platform Scales​

Nazara Technologies Limited, India's publicly listed gaming company, announced its audited financial results for the quarter and financial year ended March 31, 2026. The company reported a significant scale increase, driven by a sharper focus on its high-margin gaming core and strategic acquisitions.

For the financial year 2026, Nazara achieved a revenue of INR 1,829 crores. The company’s EBITDA grew by 66% to reach INR 255 crores. Momentum was evident throughout the year, with Q4FY26 EBITDA margins hitting 19.5%, marking an increase of nearly 970 basis points year-on-year.

Financial Performance Overview​

The consolidated results highlight strong year-over-year growth across key operational metrics:


The company reported revenues of INR 398 crores in Q4FY26 (post Nodwin deconsolidation), generating a quarterly EBITDA of INR 78 crores, which represents a 52% year-on-year growth.

Strategic Growth and Gaming Focus​

The operational shift toward core gaming was a key driver of profitability. The contribution of EBITDA from Gaming increased from 56% in FY25 to 90% in FY26. Nazara Technologies is positioning itself as a globally diversified gaming platform, with exposure spanning mobile, PC, console, and offline gaming across India, North America, and Europe.

The company significantly expanded its intellectual property (IP) portfolio through the acquisition of Bluetile and BestPlay, described as Nazara's largest merger and acquisition (M&A) to date. This move adds 17 casual mobile IPs and 22 million monthly active users to the Nazara platform, with significant revenue and EBITDA scale expected from this consolidation in FY27.

Existing IPs continued to perform strongly. Kiddopia achieved subscriber growth for the second consecutive quarter with improved unit economics, while Animal Jam expanded margins and extended its reach onto Roblox. Furthermore, the PC and Console game Human Fall Flat, published by Nazara, crossed 58 million lifetime units globally.

Leadership Commentary and Governance​

Nitish Mittersain, Joint MD & CEO of Nazara Technologies, commented that FY26 was a pivotal year, noting that the platform's quality and earnings capacity have expanded significantly, leading to tangible operating leverage. He stated that the focus for the years ahead is on scaling the platform globally.

In terms of governance, Nazara announced the appointment of Mithun Sacheti, Founder of CaratLane, as a Non-Executive Director, and Muraarie Rajan as an Independent Director on its Board. Mithun Sacheti brings deep entrepreneurial and consumer brand-building experience, while Muraarie Rajan contributes over 35 years of global M&A and strategic advisory expertise.

Nazara enters FY27 with an improved operating leverage and a growing portfolio of global gaming IPs, maintaining its focus on disciplined execution, scalable profitability, and AI-enabled gaming infrastructure.

NAZARA Stock Price Movement​

Nazara Technologies Limited shares today slipped by 2.76% to settle at ₹263.10. The stock shed ₹7.45, closing the day amid heavy trading that saw 1.77 million shares pass through the order book.